a. Mobile self registration module
Through the use of a USSD menu, the platform provides for mobile self registration / sign up and automatic virtual account creation within the financial institution. The willing customers are taken through a KYC process to collect data on account opening. Once successfully submitter, mobile virtual accounts are created and tagged to the new customer
b. Mobile Savings
Once registered, members who are willing are able to start making savings to their virtual account through mobile money. The funds deposited to the financial institution form savings which the member can withdraw based on the financial institutions preference.
c. Mobile lending
This module enables customers / account holders to be able to borrow money from the financial institution. A credit scoring algorithm is invoked to assist with appraisal of the customer and arrive at thresholds of what amounts would be extended to the customer. Once appraised and approved (automatically) the funds are disbursed to the customer on their mobile money wallet.